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how to sell off Pte Lte shares?

first thanks for the advices.

Should be "Thanks for the ADVICE...".

"Advice" is a non countable noun; you do not add an "s" to make it plural.

"Advice" is like "Rice". You say... "Please pass me the Rice." You don't say "Please pass me the rices" because "Rice", like "advice", is a non countable noun.

There are many other examples. To test your knowledge of non countable nouns, go to English Language Quiz - Countable or Non-countable Nouns (I-TESL-J) and take the test.
 
You should not give advice if you have no clue about private companies and shareholding.

1) There is a reason why I asked him to get an accountant first.

2) There is also a reason why I did not ask him to look for a buyer.

Can you guess why? Anyone else has the answer can also contribute. By the way, he can look at the Balance Sheet, PL and the paid up shares and it will not help him. Can you guess why?

Hi can please tell me why huh?
Q1 i guess is to find out the actual amount the pte ltd worth.
Q2 no idea at all.

why look at balance sheet and PL not going to help me leh?
Many Thanks
 
why look at balance sheet and PL not going to help me leh?
Many Thanks

Anyone who communicates in Singlish in threads such as this one can hardly be taken seriously.

That's what Singlish does. It devalues your credibility.
 
You should not give advice if you have no clue about private companies and shareholding.

1) There is a reason why I asked him to get an accountant first.

2) There is also a reason why I did not ask him to look for a buyer.

Can you guess why? Anyone else has the answer can also contribute. By the way, he can look at the Balance Sheet, PL and the paid up shares and it will not help him. Can you guess why?

Here's a guess: Financial DD comes before Legal DD here in US Private Equity because if the numbers are all bogus, the sole source of actual revenues was some dude pimping out the secretary to hobos, cash flow was all one-way (CEO's pocket), and the balance sheet is more assless than assets, there's no point trying to hash out merger agreements and Letters of Intent and other legal instruments. I assume the situation is somewhat similar in Singapore.
 
the balance sheet and PL, of a pte ltd in sg,is prepared by certified accountant .

i presume if the info in these docu is false the accountant will get in troble with the law?

could the shareholder bring them to court?

so i think these docu are good way to value the company asset. any advices?
 
There is vast difference between private companies and public companies as the latter is traded publicly and everything has to be a lot more transparent value wise. Goodwill and assets valuation are closer to the truth.

Private companies who are good tend to undervalue the accumulated assets and not carry goodwill in their books. Some good private companies are actually worth many times more than what the numbers indicate. There is no hanky panky on the part of their accountants nor auditors. They are there to certify the accounts and not value the company. Most clowns can't tell the difference.

Secondly, the vast majority of private companies do not allow you sell your shares openly. There will be a clause where they have the right of first refusal. This is to protect the company interest. If not one disgruntled minority idiot will sell his shares to the company's direct competitor. The privacy in a private company is completely gone.

Thirdly, a buyer can sue you to kingdom come if the company is not what it is or a criminal offence if it is insolvent and that is not made known and continues to trade.

The accountant is thus more important than a buyer. As it is a sale, he will value the company and get them to reveal the conditions of the assets and ask for revaluation and marked to market. Once the majority of shareholders know that you want to sell, they will offer you a premium to get it over with. This is avoid it land in competitors hands.

I know of a one engineering company which was sold for $25 million shortly after a minority shareholder unloaded his shares for pittance to a private buyer. The private buyer got his own accountant to check the valuation. The private buyer went straight to majority owners and got their consent and offered some of the shares that he will receive. He was in effect a proxy when realised the value. His accountant is not obliged to reveal anything to any party.

If your shares are worth 6 figures, take this seriously.

Situation like this remind me of clowns who fly to Philippines to find the "best maid".


Hi can please tell me why huh?
Q1 i guess is to find out the actual amount the pte ltd worth.
Q2 no idea at all.

why look at balance sheet and PL not going to help me leh?
Many Thanks
 
always like to read Scroobal post, always make my brain working. His view is what i have not think about. many many thanks

i am a stupid man la, but one things is i always like to ask for many opinons before i finalise my decision.

Thanks all brothers, now i cannot think of any question to ask. when i think of something i have no answer i will seek for all brothers here to help again.

good luck.
 
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